$BTS/BTC Daily Poloniex Technical Analysis / Market Report Update #97, Feb. 28, 2017.steemCreated with Sketch.

in #bitshares8 years ago

Hello Steemers!

POLONIEX


1 day Poloniex chart - Feb. 27, 2017


1 day Poloniex chart - Feb. 28, 2017


4 hour Poloniex chart - Feb. 27, 2017


4 hour Poloniex chart - Feb. 28, 2017

The price had a heavy spike downwards, all the way to 169 satoshi where it marked a new all time low.
After marking the new all time low it got instantly pulled back up to about 270 satoshi and has then gone up to the 301 satoshi resistance.
After reaching the 301 resistance the price had another quick spike down to 270 satoshi and then got pulled back up to around 295 satoshi where it's traded at the moment.

VOLUME


BTS/BTC volume Poloniex Feb. 27, 2017


BTS/BTC volume Poloniex Feb. 28, 2017


BTS indexed global volume Feb. 27, 2017


BTS indexed global volume Feb. 28, 2017



Coinmarketcap top volume cryptos Feb. 27, 2017


Coinmarketcap top volume cryptos Feb. 28, 2017
Overall volume about 474% higher then yesterday, $BTS on 17th place on the volume rankings.
Poloniex volume about 498% higher then yesterday, volume ~155 BTC.

COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
Thank you for understanding!

If anyone has any questions or need's help fell free to ask, I will try to explain as fast and as best as I can.
Critics, comments, reply's, counters, advice's, etc. are always welcome!
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Please post the links to your TA's posts into the comments as well!

DISCLAIMER
I am showing multiple scenarios on the price movement, in the post itself I do not take any stance, either bullish or bearish. I am not responsible for neither you’re winning nor you're losses upon trading! the "comment" section is my personal opinion and does not mean I have to or do hold any positions in the given market.
Everyone who uses TA develops his own unique charting style, please keep that in mind.

Kind regards, OZ

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COMMENT

If the price breaks the 301 satoshi resistance level I expect a mild uptrend to the 315 satoshi line.

If the price fails to break, I see the price going down to the 270 line again.

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